Housing Loan Conditions
You have reached a decision to buy a new house. In order to assist you to fulfill this big dream, we have created a new housing loan, in Lebanese Pounds, especially tailored to your needs.
This is how you can get the keys to the door...
Who Is Eligible?
Company employees or professionals with a regular income, and a minimum of 2 years with the same employer, or 4 years in the same occupation. |
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How Much Money Can I Borrow?
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Our housing loan allows you to borrow up to LBP 1.5 billion. |
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How Long Is the Duration of the Loan?
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A maximum period of 30 years. |
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What Are the Terms of the Loan?
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First degree mortgage over property in favor of the Bank. |
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Property must be in good condition and conforms with the local zoning and construction codes. |
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Employed applicants: monthly installments should not exceed one third of monthly income. |
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Self-employed applicants: monthly installments should not exceed one fourth of monthly average income. |
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Assignment to the Bank of a Life and Disability Insurance Policy and a Fire Insurance Policy for the entire duration of the loan. |
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Documentation Required: |
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Employed applicants: a letter from the employer confirming annual income, period of employment and position, including confirmation from the employer for the irrevocable salary transfer to our Bank. |
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Self-employed applicants: financial statement covering the last 3 years of business activity. |
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Confirmation of personal assets. |
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Identity card. |
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Clean title deed. |
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| The Bank reserves its right to request additional security or to decline any request for a housing loan. |
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